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Plant Breeding Market Trends

Report ID: GMI10638
Published Date: Aug 2024
Report Format: PDF

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Plant Breeding Market Trends

There is a rising emphasis on developing climate-resistant crops that can withstand harsh weather. Plant breeders are focused on qualities such as drought tolerance, heat tolerance, and flood tolerance to ensure agricultural production remains steady in the face of climate change.

The use of digital tools and data analytics in plant breeding is rapidly increasing. High-throughput phenotyping, genetic selection, and artificial intelligence (AI) are being utilized to evaluate massive volumes of data, expedite breeding procedures, and anticipate desirable traits with greater accuracy and efficiency. Consumer demand for healthy and health-promoting foods influences plant breeding objectives. Breeders are developing biofortified crops rich in with essential vitamins and minerals, addressing micronutrient deficiencies in populations worldwide.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global market size for plant breeding was valued at USD 14.8 billion in 2023 and is anticipated to register 12.8% CAGR between 2024 and 2032, driven by the growing demand for high-yielding, and disease-resistant crops.

The traditional breeding segment in the plant breeding market is anticipated to expand at 13.1% CAGR during 2024-2032 due to their long-standing dependability and popularity.

North America market was worth USD 4.98 billion and is expected to record 13.4% CAGR through 2032, fueled by the rapid technology breakthroughs and widespread government assistance.

Bayer AG, Bejo Zaden B.V., Corteva, Enza Zaden, KWS SAAT SE & Co. KGaA, Limagrain, Rijk Zwaan Zaadteelt en Zaadhandel B.V, Sakata, Syngenta, and Takii Europe B.V.